Nogva Motorfabrikk AS

Saga Corporate Finance is pleased to have assisted the owners of Nogva Motorfabrikk in the majority sale to Credo Partners, a Norwegian private equity fund.

Nogva is a leading provider of turnkey maritime propulsion and auxiliary systems. With a history spanning more than a century, Nogva has earned a strong reputation for reliability and innovation in the maritime industry. Nogva is known for its customer centric approach and has been the preferred partner among customers in aquaculture, fisheries, and ferries for decades. Nogva remains deeply connected to its regional heritage, prioritizing its employees, customers, and business partners. Selecting the right investor was essential to maintaining these values while fostering future progress.

Credo Partners has now acquired a majority stake (51%) in Nogva, forming a partnership with the existing owners, who retain the remaining 49%. This collaboration is set to accelerate Nogva’s expansion and reinforce its industry position. As the company transitions into its next chapter, this investment marks a key milestone. Several long-standing owners are stepping back, and the new partnership with Credo will ensure long-term stability and continued development.

Read the full press release here: https://www.credopartners.no/stories/credo-partners-invests-in-nogva-motorfabrikk-strengthening-a-market-leader